A project manager runs all aspects of the real estate project. This includes everything from the initial planning, site selection and analysis, design, procurement, construction and the physical move. The project manager is responsible for the project budget and schedule.
The most important aspect of the project managers job is to be keenly aware of anything that will extend the project schedule and inflate the project budget and aims to mitigate those risks.
A project manager is brought on at the inception of a real estate project and therefore has a comprehensive understanding of the client’s goals. They work very closely with the client to gain a comprehensive understanding of all aspects of the real estate project.
More than knowing what the client needs out of their physical space, a project manager has the knowledge from the client to understand the specific needs so that the end result is precisely what the client wants.
5 Benefits of Hiring a Project Manager
Experienced Project Managers take lessons learned from their years working on similar projects and apply them to your project. They will also find experienced vendors who can complete projects at competitive prices, avoid typical project mistakes, and recommend cost-saving methods.
2. Minimize Risk
Project managers work with you to define and implement project strategies based on their experience that provide project ownership with protection and clearly define project expectations.
3. Time and Cost Savings
Good PMs take on the pressure and difficulties of a project while finding time- and cost-saving solutions.
A qualified Project Manager will act as your business partner who will assist, guide, and keep you informed through the duration of your project.
5. Start To Finish
From project management planning into development services, to pre-construction services through construction, a Project Manager will oversee your entire project as a trusted partner.